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Red Hat, Inc. (RHT) Holdings Increased by Swiss National Bank

23 Novembre 2017

Strategy Asset Managers LLC bought a new stake in shares of Red Hat, Inc. (NYSE:RHT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. Northern Trust Corp now owns 3,794,946 shares of the open-source software company's stock valued at $363,365,000 after purchasing an additional 848,777 shares during the period.

Other institutional investors have also recently added to or reduced their stakes in the company. During the same quarter last year, the business earned $0.55 earnings per share. analysts forecast that Red Hat, Inc. will post 2 EPS for the current year.

Market capitalization of 22.59B shares for the company helps traders interpret the size of Red Hat, Inc., acting as the basic determinant for numerous important characteristics that affects an investment decision. Dimensional Fund Advisors LP now owns 401,242 shares of the open-source software company's stock worth $34,705,000 after buying an additional 13,616 shares during the last quarter. Vanguard Group Inc. lifted its position in Red Hat by 2.8% during the second quarter. Acrospire Investment Management LLC now owns 1,500 shares of the open-source software company's stock valued at $121,000 after buying an additional 400 shares during the period. Hellman Jordan Management Co. Inc. The business's revenue for the quarter was up 20.6% on a year-over-year basis. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Red Hat by 282.6% during the second quarter. Creative Planning now owns 6,527 shares of the open-source software company's stock worth $625,000 after purchasing an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 96.04% of the company's stock. They often have a large number of shares outstanding. Oppenheimer Holdings Inc. set a $94.00 price objective on Red Hat and gave the stock a "buy" rating in a research note on Tuesday, March 28th. September 27 investment analysts at Wells Fargo & Company left the stock rating at "Outperform" projecting a price of $124.00. FMR LLC raised its stake in shares of Red Hat by 10.8% during the second quarter. For investors, a positive change in price indicates an upward buying pressure or positive momentum while a negative change in price designates a downward momentum for that stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-four have given a buy rating to the company's stock.

On October 24 Bank of America Corporation made no change to the stock rating of "Underperform" projecting a price of $115.00.

WARNING: "Crossmark Global Holdings Inc". Retirement System Of Alabama has invested 0.18% in Red Hat Inc (NYSE:RHT). Piper Jaffray maintained Red Hat Inc (NYSE:RHT) rating on Sunday, August 27. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and worldwide trademark and copyright laws. D E Shaw And Incorporated holds 0.1% of its portfolio in Red Hat Inc (NYSE:RHT) for 614,282 shares.

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Red Hat, Inc. has a 1 year low of $68.54 and a 1 year high of $129.23. The company had a trading volume of 1,174,300 shares, compared to its average volume of 1,662,735. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $15.75 billion, a P/E ratio of 63.75 and a beta of 1.44.

Red Hat (NYSE:RHT) last announced its quarterly earnings data on Monday, September 25th. The open-source software company reported $0.61 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.61. Red Hat had a net margin of 11.49% and a return on equity of 25.27%. The firm had revenue of $723.60 million during the quarter, compared to analysts' expectations of $699.56 million.

In other Red Hat news, EVP Delisa Alexander sold 1,073 shares of Red Hat stock in a transaction dated Tuesday, October 17th. $108.40's average target is -15.65% below currents $128.51 stock price. Insiders have sold a total of 234,172 shares of company stock valued at $4,072,377 over the last ninety days. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eugene Beukman sold 100,000 shares of the stock in a transaction on Friday, November 10th. The total value of its holdings increased 132.0%.

Red Hat, Inc (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies.